16-16-516. Action without a meeting.
(1) Unless the organic rules require that action be taken only at a members meeting, any action that may be taken by the members may be taken without a meeting if each member entitled to vote on the action consents in a record to the action.
(2) Consent under Subsectionmay be withdrawn by a member in a record at any time before the limited cooperative association receives a consent from each member entitled to vote. (1)
(3) Consent to any action may specify the effective date or time of the action.